KARACHI: Pakistani power consumers have been given significant relief as electricity rates have been lowered by Rs7.59. This move comes after the government’s major overhaul of the system, and is expected to bring substantial savings to millions of consumers.
The new power tariff reduction is anticipated to help people save thousands during the upcoming summer season.
Prime Minister Shehbaz Sharif made the key announcement, highlighting that convincing the International Monetary Fund (IMF) to approve the reduction was a challenging task.
However, the government worked diligently to achieve this goal. The premier emphasized the need for structural reforms to address electricity theft, which costs the country billions.
This move is part of a series of economic measures, including maintaining petroleum prices, aimed at alleviating financial pressures on households and businesses.
Prime Minister Sharif referred to the tariff reduction as an “Eid gift” to Pakistanis, underscoring its importance for boosting industries, agriculture, and exports.
Electricity Relief Package
| Category | Old Price | New Price | Price Cut |
|---|---|---|---|
| Domestic | Rs 48.70 | Rs 37.64 | Rs 7.41 |
| Industrial | Rs 58.50 | Rs 40.51 | Rs 7.59 |
Savings on April Electricity Bill
Here is the breakdown for consumers as per their electricity usage in the upcoming month after the revision of rates.
For Domestic Consumers
| Usage | 200 Units | 300 Units | 500 Units |
|---|---|---|---|
| Old Rate | Rs 9,740 | Rs 14,610 | Rs 24,350 |
| New Rate | Rs 7,528 | Rs 11,292 | Rs 18,820 |
| Savings | Rs 2,212 | Rs 3,318 | Rs 5,530 |
For Industrial Users
| Usage | Old Rate | New Rate | Savings |
|---|---|---|---|
| 1,000 Units | Rs 58,500 | Rs 40,510 | Rs 17,990 |
| 3,000 Units | Rs 175,500 | Rs 121,530 | Rs 53,970 |
